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[The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory...

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Accounting

[The following information applies to the questions displayed below.] Warnerwoods Company uses a perpetual inventory system. It entered into the following purchases and sales transactions for March. Date Activities Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 190 units @ $52.80 per unit March 5 Purchase 270 units @ $57.80 per unit March 9 Sales 350 units @ $87.80 per unit March 18 Purchase 130 units @ $62.80 per unit March 25 Purchase 240 units @ $64.80 per unit March 29 Sales 220 units @ $97.80 per unit Totals 830 units 570 units 3. Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, u

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